Resolution of the Board of the National Bank of the Republic of Kazakhstan No. 52 on Establishing Macroprudential Standards and Limits, Their Standard Values, and Calculation Methodology

"REPUBLIC OF KAZAKHSTAN NATIONAL BANK" REPUBLICAN STATE INSTITUTION		REPUBLICAN STATE INSTITUTION "NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN"
RESOLUTION OF THE BOARD August 25, 2025 Astana city		RESOLUTION OF THE BOARD No. 52 Astana city

On establishing macroprudential standards and limits,

their standard values and calculation methodology

In accordance with subparagraph 1-1) of part four of Article 51-2 of the Law of the Republic of Kazakhstan "On the National Bank of the Republic of Kazakhstan" and Article 42-1 of the Law of the Republic of Kazakhstan "On Banks and Banking Activity in the Republic of Kazakhstan", the Board of the National Bank of the Republic of Kazakhstan RESOLVES:

1. Establish macroprudential standards and limits, their standard values, and calculation methodology according to Appendix 1 to this Resolution.
2. Recognize as invalid the normative legal acts of the Republic of Kazakhstan according to the list in Appendix 2 to this Resolution.
3. The Department of Financial Stability and Research of the National Bank of the Republic of Kazakhstan shall, in the manner established by the legislation of the Republic of Kazakhstan, ensure:
   1. together with the Legal Department of the National Bank of the Republic of Kazakhstan, the state registration of this Resolution in the Ministry of Justice of the Republic of Kazakhstan;
   2. placement of this Resolution on the official Internet resource of the National Bank of the Republic of Kazakhstan after its official publication;
   3. within ten working days after the state registration of this Resolution, submission to the Legal Department of the National Bank of the Republic of Kazakhstan information on the execution of the activity provided for in subparagraph 2) of this paragraph.
4. Control over the execution of this Resolution shall be entrusted to the Deputy Chairman of the National Bank of the Republic of Kazakhstan overseeing the matter.
5. This Resolution is subject to official publication and enters into force on August 31, 2025.

Chairman	T.M. Suleimenov

Copy is correct:

Chief Specialist-Secretary of the Board J. Mukhambetova

Appendix 1

to the Resolution of the Board

of the National Bank

of the Republic of Kazakhstan

of August 25, 2025 No. 52

Macroprudential standards and limits,

their standard values and calculation methodology

Chapter 1. General Provisions

1. Macroprudential standards and limits, their standard values, and calculation methodology (hereinafter – Standards) are developed in accordance with subparagraph 1-1) of part four of Article 51-2 of the Law of the Republic of Kazakhstan
   "On the National Bank of the Republic of Kazakhstan" and Article 42-1 of the Law of the Republic of Kazakhstan "On Banks and Banking Activity in the Republic of Kazakhstan" (hereinafter – Bank Law) and establish macroprudential standards and limits, their standard values, and calculation methodology for banks, branches of banks-non-residents of the Republic of Kazakhstan.

The composition of macroprudential standards and limits established by the National Bank of the Republic of Kazakhstan (hereinafter – National Bank) for their mandatory compliance by banks, branches of banks-non-residents of the Republic of Kazakhstan, includes:

counter-cyclical capital buffer;

sectoral counter-cyclical capital buffer;

borrower debt burden ratio;

borrower debt-to-income ratio.

Chapter 2. Counter-Cyclical Capital Buffer

1. The counter-cyclical capital buffer is established in addition to the values of the capital adequacy ratios of banks, the values of the asset adequacy ratios of branches of banks-non-residents of the Republic of Kazakhstan.
2. The range of the standard value of the counter-cyclical capital buffer is:

for banks – from 0 (zero) to 3 (three) percent of the sum of assets, contingent and possible liabilities, weighted by credit risk, assets, contingent and possible claims and liabilities, calculated taking into account market risk, operational risk (hereinafter – risk-weighted assets) in accordance with the Standard Values and Calculation Methodology of Prudential Standards and Other Mandatory Standards and Limits, Bank Capital Size, approved by the Resolution of the Board of the National Bank of September 13, 2017 No. 170 "On Establishing Standard Values and Calculation Methodology of Prudential Standards and Other Mandatory Standards and Limits, Bank Capital Size, and Rules for Calculating and Limiting Open Currency Position" (registered in the Registry of State Registration of Normative Legal Acts under No. 15886) (hereinafter – Standard Values No. 170);

for branches of banks-non-residents of the Republic of Kazakhstan – from 0 (zero) to 3 (three) percent of the sum of assets, contingent and possible liabilities, calculated by credit risk, assets, contingent and possible claims and liabilities, calculated taking into account market risk, operational risk (hereinafter – assets calculated taking into account risk) in accordance with the Calculation Methodology of Prudential Standards and Other Mandatory Standards and Limits for branches of banks-non-residents of the Republic of Kazakhstan (including branches of Islamic banks-non-residents of the Republic of Kazakhstan), approved by the Resolution of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market of February 12, 2021 No. 23 "On Establishing Prudential Standards and Other Mandatory Standards and Limits for branches of banks-non-residents of the Republic of Kazakhstan (including branches of Islamic banks-non-residents of the Republic of Kazakhstan), their standard values and calculation methodology, including the procedure for forming assets of branches of banks-non-residents of the Republic of Kazakhstan (including branches of Islamic banks-non-residents of the Republic of Kazakhstan), taken as a reserve, and their minimum size" (registered in the Registry of State Registration of Normative Legal Acts under No. 22213) (hereinafter – Calculation Methodology No. 23).

1. The standard value of the counter-cyclical capital buffer is established by paragraph 33 of the Standards taking into account the recommendation of the Financial Stability Council of the Republic of Kazakhstan.

An increase in the standard value of the counter-cyclical capital buffer enters into force no earlier than 12 (twelve) months from the date of the decision by the Financial Stability Council of the Republic of Kazakhstan.

1. The National Bank publishes the standard value of the counter-cyclical capital buffer and its implementation date on the official Internet resource of the National Bank.
2. Banks calculate the size of the counter-cyclical capital buffer as the product of risk-weighted assets and the standard value of the counter-cyclical capital buffer established by paragraph 33 of the Standards.

Branches of banks-non-residents of the Republic of Kazakhstan calculate the size of the counter-cyclical capital buffer as the product of assets calculated taking into account risk and the standard value of the counter-cyclical capital buffer established by paragraph 33 of the Standards.

1. In case banks calculate and form the size of the counter-cyclical capital buffer in violation of the Standards, a restriction is imposed on the bank on the use of the bank's undistributed net income in accordance with Standard Values No. 170 regarding the cessation of dividend payments and share buybacks, except for cases provided for by the Law of the Republic of Kazakhstan "On Joint Stock Companies".

In case branches of banks-non-residents of the Republic of Kazakhstan calculate and form the size of the counter-cyclical capital buffer in violation of the Standards, a restriction is imposed on the branch of a bank-non-resident of the Republic of Kazakhstan on the use of its results in accordance with Calculation Methodology No. 23, regarding the allocation of income to the bank-non-resident of the Republic of Kazakhstan.

1. The values of capital adequacy ratios taking into account the counter-cyclical capital buffer are achieved through core capital components, the list of which is established by paragraph 10 of Standard Values No. 170.

The value of the asset adequacy ratio, taken as a reserve k1, taking into account the counter-cyclical capital buffer, taken as a reserve, is achieved through asset components, taken as a reserve, provided for in paragraph 4 of Calculation Methodology No. 23.

1. Banks do not reflect in accounting the size of the counter-cyclical capital buffer calculated in accordance with the requirements of the Standards.

Branches of banks-non-residents of the Republic of Kazakhstan do not reflect in accounting the size of the counter-cyclical capital buffer, taken as a reserve, calculated in accordance with the requirements of the Standards.

Chapter 3. Sectoral Counter-Cyclical Capital Buffer

1. The sectoral counter-cyclical capital buffer is aimed at reducing risks formed in specific lending segments and is established in relation to banks and branches of banks-non-residents of the Republic of Kazakhstan.
2. The sectoral counter-cyclical capital buffer is established in addition to the values of the capital adequacy ratios of banks, the values of the asset adequacy ratios of branches of banks-non-residents of the Republic of Kazakhstan.
3. The range of the standard value of the sectoral counter-cyclical capital buffer is:

for banks – from 0 (zero) to 6 (six) percent of the sum of assets, contingent and possible liabilities of the corresponding lending segment, weighted taking into account credit risk in accordance with Standard Values No. 170 (hereinafter – sectoral risk-weighted assets);

for branches of banks-non-residents of the Republic of Kazakhstan – from 0 (zero) to 6 (six) percent of the sum of assets, contingent and possible liabilities of the corresponding lending segment, calculated by credit risk in accordance with Calculation Methodology No. 23 (hereinafter – sectoral assets calculated taking into account risk).

1. In order to prevent double counting of risks, the absolute value of the sectoral counter-cyclical capital buffer of a bank does not exceed the product of risk-weighted assets and the upper value of the range of the standard value of the counter-cyclical capital buffer.

In order to prevent double counting of risks, the absolute value of the sectoral counter-cyclical capital buffer of a branch of a bank-non-resident of the Republic of Kazakhstan does not exceed the product of assets calculated taking into account risk and the upper value of the range of the standard value of the counter-cyclical capital buffer.

1. The standard value of the sectoral counter-cyclical capital buffer is established by paragraph 34 of the Standards taking into account the recommendation of the Financial Stability Council of the Republic of Kazakhstan.

An increase in the standard value of the counter-cyclical capital buffer enters into force no earlier than 12 (twelve) months from the date of the decision by the Financial Stability Council of the Republic of Kazakhstan.

1. The National Bank publishes the standard value of the sectoral counter-cyclical capital buffer and its implementation date on the official Internet resource of the National Bank.
2. Banks calculate the size of the sectoral counter-cyclical capital buffer as the product of the sum of sectoral risk-weighted assets and the standard value of the sectoral counter-cyclical capital buffer established by paragraph 34 of the Standards.

Branches of banks-non-residents of the Republic of Kazakhstan calculate the size of the sectoral counter-cyclical capital buffer as the product of sectoral assets calculated taking into account risk and the standard value of the sectoral counter-cyclical capital buffer established by paragraph 34 of the Standards.

1. In case banks calculate and form the size of the sectoral counter-cyclical capital buffer in violation of the Standards, a restriction is imposed on the bank on the use of the bank's undistributed net income in accordance with Standard Values No. 170 regarding the cessation of dividend payments and share buybacks, except for cases provided for by the Law of the Republic of Kazakhstan "On Joint Stock Companies".

In case branches of banks-non-residents of the Republic of Kazakhstan calculate and form the size of the sectoral counter-cyclical capital buffer in violation of the Standards, a restriction is imposed on the branch of a bank-non-resident of the Republic of Kazakhstan on the use of its results in accordance with Calculation Methodology No. 23, regarding the allocation of income to the bank-non-resident of the Republic of Kazakhstan.

1. The values of capital adequacy ratios taking into account the sectoral counter-cyclical capital buffer are achieved through core capital components, the list of which is established by paragraph 10 of Standard Values No. 170.

The value of the asset adequacy ratio, taken as a reserve k1, taking into account the sectoral counter-cyclical capital buffer, taken as a reserve, is achieved through asset components, taken as a reserve, provided for in paragraph 4 of Calculation Methodology No. 23.

1. Banks do not reflect in accounting the size of the sectoral counter-cyclical capital buffer calculated in accordance with the requirements of the Standards.

Branches of banks-non-residents of the Republic of Kazakhstan do not reflect in accounting the size of the sectoral counter-cyclical capital buffer, taken as a reserve, calculated in accordance with the requirements of the Standards.

Chapter 4. Borrower Debt Burden Ratio of a Bank, Branch of a Bank-Non-Resident of the Republic of Kazakhstan

1. A bank, branch of a bank-non-resident of the Republic of Kazakhstan calculates the borrower debt burden ratio before making decisions on (about):

issuing a loan to a borrower, including issuing a loan (part of a loan) within an open credit line, except for issuing a loan (part of a loan) within a credit limit of a credit card or payment card, the terms of which provide for lending to a borrower within a credit limit;

opening a credit line to a borrower (establishing a credit limit);

issuing an additional loan to a borrower within the concluded (concluded) contract(s) of a bank loan;

changing the terms of an open credit line and/or a borrower's loan, resulting in an increase in the size of periodic payments for this loan, according to the loan repayment schedule.

A credit line is understood as an obligation of a bank, branch of a bank-non-resident of the Republic of Kazakhstan to lend to a borrower on terms allowing the borrower to independently determine the time of receiving a loan, but within the amount and time determined by the rules of the internal credit policy of the bank, branch of a bank-non-resident of the Republic of Kazakhstan for such a form of lending and the contract.

A credit limit (including for credit cards) is understood as the maximum amount of a credit line.

A borrower is understood as a physical person – a resident of the Republic of Kazakhstan, intending to use or using the services of a bank, branch of a bank-non-resident of the Republic of Kazakhstan for banking loan operations.

The requirements of the first part of this paragraph apply to loans provided to borrowers for the purchase of goods, works, and services not related to the conduct of business activities, as well as to loans provided to physical persons who are not individual entrepreneurs for purposes related to the conduct of business activities, except for cases where the borrower provides documents and/or other information confirming their business activity, with subsequent storage of the analysis results of such documents and information in software and/or the borrower's credit file.

The requirement to comply with the maximum level of the borrower debt burden ratio does not apply to bank loan contracts concluded for the purpose of implementing the National Bank of the Republic of Kazakhstan's mortgage loan refinancing program (mortgage loans).

The requirement to comply with the maximum level of the borrower debt burden ratio does not apply when providing a loan during the period from January 1, 2025, to December 31, 2026, inclusive:

for the purpose of acquiring a new motor vehicle, not previously in operation and registered for the first time in the Republic of Kazakhstan, and serving as collateral for the loan;

for the purpose of acquiring a used motor vehicle serving as collateral for the loan, with an initial payment of not less than 50 (fifty) percent of the cost of this motor vehicle;

for the purpose of acquiring a used motor vehicle up to 3 (three) years old serving as collateral for the loan, with an initial payment of not less than 30 (thirty) percent of the cost of this motor vehicle;

within the housing construction savings system.

A bank, branch of a bank-non-resident of the Republic of Kazakhstan calculates the borrower debt burden ratio for loans specified in the seventh part of this paragraph for the purpose of monitoring credit risks.

1. The calculation of the borrower debt burden ratio is conducted by a bank, branch of a bank-non-resident of the Republic of Kazakhstan in two stages:

first stage – assessment of the borrower's solvency;

second stage – calculation of the borrower debt burden ratio.

1. The assessment of the borrower's solvency is carried out as follows:

where:

DB – borrower's income;

PLM – living minimum amount established for the corresponding financial year by the law on the republican budget;

Kncs – number of minor family members.

Borrower's income is determined based on one and/or several of the following criteria:

1. official income for 6 (six) months preceding the date of the borrower's application. Official income is understood as the average monthly income calculated based on one and/or several of the following documents:

statement from a bank account to which salary and other income from the employer are credited, or information from the database of the Unified Accumulative Pension Fund or the State Corporation "Government for Citizens" regarding mandatory pension contributions, mandatory professional pension contributions of the depositor (recipient), or information from the databases of central executive bodies and subordinate legal entities regarding income of physical persons minus paid amounts of mandatory pension contributions, individual income tax;

statement from a bank account to which pension payments are credited;

statement from a bank account to which insurance payments under a pension annuity contract, under an annuity insurance contract concluded in accordance with the requirements of the Law of the Republic of Kazakhstan "On Mandatory Insurance of Workers for Accidents at Work" are credited;

information on the income of a physical person – an individual entrepreneur, calculated based on the following tax contributions:

5 (five) percent of taxable income when applying a special tax regime based on a patent;

15 (fifteen) percent of taxable income when applying a special tax regime based on a simplified declaration;

20 (twenty) percent of taxable income of a special tax regime using a fixed deduction;

1. average monthly amount of expenses on a debit card for the period of 6 (six) months preceding the date of the borrower's application;
2. average monthly amount of debit card top-ups for the period of 6 (six) months preceding the date of the borrower's application;
3. ratio of the average monthly amount of balances on a deposit and/or current account for 6 (six) months preceding the date of the borrower's application, to the term of the loan issued, expressed in months;
4. average monthly amount of deposits and/or current account top-ups for 6 (six) months preceding the date of the borrower's application;
5. average monthly amount of withdrawals from deposits and/or current accounts for 6 (six) months preceding the date of the borrower's application;
6. average monthly income from passenger and baggage transport by taxi for 6 (six) months preceding the date of the borrower's application (if confirmed by a mediator company);
7. average monthly income for 6 (six) months preceding the date of the borrower's application, calculated based on an income certificate from the place of work and/or a certificate from an educational institution regarding the size of the received scholarship.

Information specified in subparagraphs 1), 2), 3), 4), 5), 6), 7), and 8) of the second part of this paragraph is confirmed by the borrower by providing corresponding documents and/or verified in the bank's information system, branch of a bank-non-resident of the Republic of Kazakhstan, and/or requested by the bank, branch of a bank-non-resident of the Republic of Kazakhstan based on the borrower's consent, given in writing or via the borrower's identification means.

When determining the borrower's income and calculating the borrower debt burden ratio based on the criteria specified in subparagraphs 1), 2), 3), 4), 5), and 6) of the second part of this paragraph, transactions made by the borrower between their own accounts, and transactions related to receiving bank loans and/or microloans, are not taken into account.

For recipients of targeted social assistance and/or borrowers with signs of a person actively involved in the gambling business, income assessment is determined based on official income specified in subparagraph 1) of the second part of this paragraph.

For the purposes of the Standards, a borrower with signs of a person actively involved in the gambling business is understood as a physical person who has made 6 (six) or more payments to a gambling business organizer in the last 6 (six) completed months for a total amount of more than 300,000 (three hundred thousand) tenge.

Information on the dates and amounts of payments made by the borrower to a gambling business organizer is determined by the bank, branch of a bank-non-resident of the Republic of Kazakhstan based on the borrower's credit report obtained from a credit bureau.

For borrowers under the age of twenty-one, income assessment is determined based on income specified in subparagraphs 1), 7), and 8) of the second part of this paragraph.

1. The borrower debt burden ratio is calculated as the ratio of the sum of monthly payments for all outstanding loans of the borrower, including the amount of overdue payments for all outstanding loans, and the average monthly payment for new debt of the borrower arising in cases provided for in the first part of paragraph 20 of the Standards, to the average monthly income of the borrower for the last 6 (six) months:

where:

DBR – borrower debt burden ratio;

UPLi – monthly payment for an outstanding loan (outstanding loans) of the borrower, calculated in accordance with paragraph 24 of the Standards;

OPi – amount of overdue payments for an outstanding loan (outstanding loans) of the borrower;

NL – average monthly payment for new debt of the borrower, calculated in accordance with paragraph 25 of the Standards;

n – number of outstanding loans of the borrower;

I – average monthly income of the borrower, calculated in accordance with paragraph 26 of the Standards.

When calculating the borrower's debt burden coefficient for loans secured by a pledge of motor vehicles, the borrower's monthly loan payment amount is determined as the ratio of the debt repayment amount (including the principal debt amount and remuneration accrued for the entire loan period), reduced by the value of the collateral in the form of motor vehicles, adjusted by the liquidity coefficient relative to the collateral value according to paragraph 35 of the Norms, expressed in months.

The average market value of the motor vehicle is determined based on an independent assessment or a bank assessment, including a branch of a non-resident bank of the Republic of Kazakhstan, in accordance with International Financial Reporting Standard No. 13 "Fair Value Measurement" and the requirements of the Law of the Republic of Kazakhstan "On Accounting and Financial Reporting."

1. The monthly payment for an outstanding loan (outstanding loans) of a borrower is accepted as equal to the periodic payment for an outstanding loan, converted to a monthly expression (the sum of periodic payments for outstanding loans, converted to a monthly expression).

The periodic payment for an outstanding loan, converted to a monthly expression, is calculated as the product of the periodic payment for an outstanding loan according to the loan repayment schedule, multiplied by the ratio of the number of periodic payments for an outstanding loan in annual expression to twelve:

PLmes = PLgraf*(KPLgod/12)

where:

PLmes – periodic payment for an outstanding loan, converted to a monthly expression;

PLgraf – periodic payment for an outstanding loan according to the loan repayment schedule;

KPLgod – number of periodic payments for an outstanding loan in annual expression.

The number of periodic payments for an outstanding loan in annual expression is calculated as the ratio of three hundred sixty to the number of days characterizing the frequency of loan payments according to the repayment schedule.

The number of days in a month for the purposes of calculating part three of this paragraph is accepted as thirty.

In the absence of data on the periodic payment according to the loan repayment schedule and (or) the frequency of payments in days, the monthly payment for an outstanding loan is calculated as the ratio of the principal debt balance and loan remuneration amount to the remaining term of the loan, expressed in months.

The monthly payment for an outstanding loan (outstanding loans) includes an estimate of the monthly payment for the repayment of the used portion of the credit limit, the monthly payment for a credit card, the terms of which provide for lending to the borrower within the credit limit.

The estimate of the monthly payment for the repayment of the used portion of the credit limit is determined based on data from the credit bureau, bank information systems, a branch of a non-resident bank of the Republic of Kazakhstan, or is calculated as the ratio of the used portion of the credit limit amount to the remaining term of this limit, determined by the contract, expressed in months.

The used portion of the credit limit is understood as the debt balance on a loan (tranche) obtained by the borrower within the framework of an open credit line.

The monthly payment for a credit card, the terms of which provide for lending to the borrower within the credit limit, is calculated as the product of the used credit limit on the credit card, the terms of which provide for lending to the borrower within the credit limit, respectively, by ten percent.

The sum of overdue payments on an outstanding loan of a borrower includes the sum of overdue principal debt, overdue remuneration, and the sum of debt written off from the balance sheet of a bank, a branch of a non-resident bank of the Republic of Kazakhstan, an organization carrying out certain types of banking operations, a microfinance organization, as well as other information providers, the list of which is established by Article 18 of the Law of the Republic of Kazakhstan "On Credit Bureaus and the Formation of Credit Histories in the Republic of Kazakhstan" (hereinafter – information providers).

In the event of issuing a bank loan to a borrower for the purpose of refinancing a previously concluded (concluded) contract (contracts) of a bank loan and (or) providing a microcredit, the debt amount on an outstanding loan and (or) microcredit subject to refinancing is not taken into account in the calculation of the monthly payment and in the sum of overdue payments on the refinanced outstanding loan and (or) microcredit.

In the event of changing the terms of an open credit line and (or) a borrower's bank loan for the purpose of restructuring a previously concluded (concluded) contract (contracts) of a bank loan, resulting in an increase in the size of periodic payments for this loan according to the schedule (schedules) of loan repayment and not involving an increase in the credit limit of the open credit line and (or) the size of the bank loan, the sum of overdue payments on the restructuring outstanding credit line and (or) loan of a borrower is accepted as equal to 0 (zero).

Information on the periodic payment according to the loan repayment schedule, the balance of the principal debt, the balance of remuneration on outstanding loans, the credit limit, the used portion of the credit limit, and the sums of overdue payments on outstanding loans of a borrower is requested by the bank, a branch of a non-resident bank of the Republic of Kazakhstan, from the credit bureau.

The calculation of periodic payments, the balance of the principal debt, the balance of remuneration on outstanding loans, the monthly payment for a credit card, the estimate of the monthly payment for the repayment of the used portion of the credit limit, and the sum of overdue payments on outstanding loans of a borrower includes information provided to the credit bureau by all information providers.

Outstanding loans of a borrower include loans specified in part five of paragraph 20 of the Norms, as well as outstanding bank loans and microcredits available to the borrower that are not specified in part five of paragraph 20 of the Norms.

1. The average monthly payment for a borrower's new debt is calculated as the ratio of the sum of payments on principal debt and remuneration, calculated in accordance with the repayment schedule, as well as other payments related to the issuance and servicing of the loan, specified in paragraph 8 of the Rules for calculating remuneration rates in reliable, annual, effective, comparable calculation (real cost) for loans and deposits, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated March 26, 2012 No. 137 (registered in the Registry of State Registration of Legal Acts No. 7663), to the term of this loan, expressed in months.

The calculation of the average monthly payment for a borrower's new debt, which is an obligation under a credit line, credit card, the terms of which provide for lending to the borrower within the credit limit, is carried out in accordance with parts seven, eight, and nine of paragraph 24 of the Norms.

1. The average monthly income of a borrower is calculated as the ratio of the income amount, determined based on one or several criteria specified in sub-items 1), 2), 3), 4), 5), 6), 7), and 8) of part two of paragraph 22 of the Norms, for 6 (six) consecutive months preceding the date of the borrower's application, divided by six.

When determining the borrower's income based on the criteria specified in sub-items 1), 2), 3), 4), 5), 6), 7), and 8) of part two of paragraph 22 of the Norms, the bank, a branch of a non-resident bank of the Republic of Kazakhstan conducts income validation used to calculate the borrower's debt burden coefficient to ensure there is no income inflation due to:

duplication of the same income source in two or more borrower income criteria;

funding of the borrower's debit card, current accounts, and deposits from transactions between accounts using the borrower's own and (or) borrowed funds.

Types of income accepted by the bank, a branch of a non-resident bank of the Republic of Kazakhstan, in the calculation of the average monthly income of a borrower must be obtained in at least two any months within the six consecutive months preceding the date of the borrower's application.

Banks, branches of non-resident banks of the Republic of Kazakhstan calculate the average monthly income of a borrower receiving targeted social assistance and (or) a borrower with signs of a person actively involved in the gambling business, based on the official income of the borrower specified in sub-item 1) of part two of paragraph 22 of the Norms.

Banks, branches of non-resident banks of the Republic of Kazakhstan calculate the average monthly income of a borrower under the age of twenty-one based on the borrower's income specified in sub-items 1), 7), and 8) of part two of paragraph 22 of the Norms.

1. The maximum level of the borrower's debt burden coefficient is established according to paragraph 36 of the Norms.

For a borrower with signs of a person actively involved in the gambling business, the debt burden coefficient level is half the size of the maximum level of the borrower's debt burden coefficient established by paragraph 36 of the Norms.

1. The bank does not make positive decisions on (on) issuing a loan to a borrower, including issuing a loan (part of a loan) within the framework of an open credit line to a borrower, opening a credit line to a borrower (establishing a credit limit), issuing an additional loan within the framework of a concluded (concluded) contract (contracts) of a bank loan, changing the terms of an open credit line and (or) a borrower's loan, resulting in an increase in the size of periodic payments for this loan according to the loan repayment schedule, in the following cases:

the income amount, determined based on one or several criteria specified in paragraph 22 of the Norms, is less than the subsistence minimum established for the corresponding financial year by the law on the republican budget and half the subsistence minimum for each minor family member,

the borrower's debt burden coefficient value exceeds the value established by paragraph 36 of the Norms,

the term for an unsecured consumer loan exceeds 5 (five) years.

1. The bank, a branch of a non-resident bank of the Republic of Kazakhstan independently determines the borrower's debt burden in accordance with the requirements of paragraphs 20-29 of the Norms.

Chapter 5. Debt-to-Income Ratio of a Bank Borrower,

branch of a non-resident bank of the Republic of Kazakhstan

1. The bank, a branch of a non-resident bank of the Republic of Kazakhstan calculates the debt-to-income ratio of a borrower before making decisions on (on):

issuing a loan to a borrower, except for issuing a loan (part of a loan) within the framework of an open credit line;

opening a credit line to a borrower (establishing a credit limit);

issuing an additional loan to a borrower within the framework of concluded (concluded) contract (contracts) of a bank loan.

The requirements of part one of this paragraph apply to loans provided to borrowers for the purchase of goods, works, and services not related to the conduct of business activities, except for loans issued within the framework of the housing construction savings system.

1. The calculation of the debt-to-income ratio of a borrower is carried out by the bank, a branch of a non-resident bank of the Republic of Kazakhstan as follows:

where:

KDD – debt-to-income ratio of a borrower;

SZNZ – total debt amount on all outstanding loans and microcredits of a borrower;

SZNZ – is calculated as the total sum of debt on all outstanding loans and microcredits of a borrower, including sums of overdue payments on all outstanding loans and microcredits, sums on the used portion of the credit limit on a credit card, the terms of which provide for lending to the borrower within the credit limit, as well as 10 (ten) percent of the unused portion of the credit limit, credit card, the terms of which provide for lending to the borrower within the credit limit;

SNZ – sum of new debt of a borrower, arising in cases specified in paragraph 30 of the Norms;

SGDZ – total annual income of a borrower, which is calculated as the average monthly amount of salary and (or) other types of income of a borrower, determined based on the criteria specified in part two of paragraph 22 of the Norms for the last 6 (six) months preceding the date of the borrower's application, multiplied by 12 (twelve).

When determining the borrower's income based on the criteria specified in sub-items 1), 2), 3), 4), 5), 6), 7), 8) of part two of paragraph 22 of the Norms, the bank, a branch of a non-resident bank of the Republic of Kazakhstan conducts income validation used to calculate the debt-to-income ratio of a borrower to ensure there is no income inflation due to:

duplication of the same income source in two or more borrower income criteria;

funding of the borrower's debit card, current accounts, and deposits from transactions between accounts using the borrower's own and (or) borrowed funds.

1. The bank, a branch of a non-resident bank of the Republic of Kazakhstan calculates the debt-to-income ratio of a borrower for the purpose of monitoring credit risks.

Chapter 6. Standard Values

1. The standard value of the counter-cyclical capital buffer is equal to 0 (zero) percent.
2. The standard value of the sectoral counter-cyclical capital buffer in the segment of lending to individuals, except for individual entrepreneurs, is equal to 0 (zero) percent until March 31, 2026, and is equal to 2 (two) percent from April 1, 2026.

The standard value of the sectoral counter-cyclical capital buffer in the segment of lending to legal entities, including individual entrepreneurs, is equal to 0 (zero) percent.

1. When calculating the borrower's debt burden coefficient for loans secured by a pledge of motor vehicles, the borrower's monthly loan payment amount is determined as the ratio of the debt repayment amount (including the principal debt amount and remuneration accrued for the entire loan period), reduced by the value of the collateral in the form of motor vehicles, adjusted by the liquidity coefficient relative to the collateral value equal to 0.7 (zero point seven), to the term of the loan issued, expressed in months.
2. The maximum level of the borrower's debt burden coefficient is 0.5 (zero point five).

Appendix 2

to the Resolution of the Board

of the National Bank

of the Republic of Kazakhstan

dated August 25, 2025 No. 52

List of normative legal acts of the Republic of Kazakhstan,

which are recognized as having lost force

1. Resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 25, 2013 No. 292 "On introducing restrictions on the conduct of certain types of banking and other operations by financial organizations" (registered in the Registry of State Registration of Legal Acts under No. 9125).
2. Resolution of the Board of the National Bank of the Republic of Kazakhstan dated November 21, 2014 No. 221 "On making changes to certain normative legal acts of the Republic of Kazakhstan on issues of regulating banking activity" (registered in the Registry of State Registration of Legal Acts under No. 10006).
3. Resolution of the Board of the National Bank of the Republic of Kazakhstan dated November 12, 2019 No. 190 "On making changes and additions to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 25, 2013 No. 292 "On introducing restrictions on the conduct of certain types of banking and other operations by financial organizations" (registered in the Registry of State Registration of Legal Acts under No. 19614).
4. Resolution of the Board of the National Bank of the Republic of Kazakhstan dated June 22, 2022 No. 49 "On making changes to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 25, 2013 No. 292 "On introducing restrictions on the conduct of certain types of banking and other operations by financial organizations" (registered in the Registry of State Registration of Legal Acts under No. 28692).